Federated Hermes Private Equity has invested in Spanish private equity firm Miura Partners’ €200m Dent&Co fund, co-leading the transaction alongside other leading secondary institutional investors, including both existing and new LPs.
The Dent&Co fund has been raised by Miura Partners to provide further backing to drive the next phase of growth for portfolio company Proclinic Group, a European dental distribution business.
The transaction was advised by Moelis & Company, Baker & McKenzie and King & Wood Mallesons, PwC and LEK Consulting.
Federated Hermes Private Equity oversees $6.4bn in AUM as of 30 September 2023 and has completed over 280 direct co-investments and secondary transactions, with this most recent transaction representing the fifth GP-led secondary transaction completed by its team in Europe over the past 12 months, according to a press release.
Miura Partners oversees €1.5bn in AUM and specialises in small and medium-sized family-owned and entrepreneurial companies. Miura has invested in more than 70 companies since 2008.
